February 08, 2007
SEC Smells Tip-Off Rat in Hedge Fund Games
The Securities and Exchange Commission recently asked around 10 major Wall Street banks for trading information from the last two weeks of September. The Federal regulators are investigating whether hedge funds are being tipped off about buy and sell orders placed by mutual funds. Hedgeco.net reports:
It's become difficult for hedge fund managers to make money without access to sensitive information, so the SEC examiners will try to determine whether big buy and sell orders placed with the banks by mutual funds in that period triggered any suspicious front-running activity in those same stocks by hedge fund managers or other traders.
Read more: SEC Examines Hedge Fund Tip-Offs
--
Did you enjoy this post?
Comments
Post a comment
« A Rose By Any Other Name… | Main | Hedges To Have Long & Healthy Life: Analyst »
Recent Comments